Bitcoin traded below $77,000 on Sunday, extending a decline that had already begun before artificial intelligence leaders issued development warnings over the weekend. The cryptocurrency fell to $76,695 near press time, down 0.80% over 24 hours and 4.08% over seven days, according to CryptoSlate.
The timing matters. Bitcoin had already hit an intraday low of $76,676 on Sept. 10, the same day the Bureau of Labor Statistics reported that US producer prices rose 5.4% annually in August. Final-demand producer prices climbed 0.4% in the month on a seasonally adjusted basis. Energy prices surged 4.2% and accounted for more than three-fourths of goods price increases.
The weekend decline represents an extension of existing weakness rather than a new sell-off triggered by the AI sector statements, according to CryptoSlate’s reporting. On Saturday, Dario Amodei, CEO of Anthropic, urged slower AI development and called for independent evaluators. Sam Altman, CEO of OpenAI, agreed with the position and said his company would follow suit. Altman also announced that “OpenAI’s initial public offering would be delayed until 2027, citing safety concerns.”
The Federal Reserve is scheduled to hold a policy meeting Sept. 15–16, with a press conference on Sept. 16. Bitcoin has gained 22.34% over the past 30 days despite the latest losses. Trading volume fell 49.98% over 24 hours, reaching $13.44 billion.
CryptoSlate noted that neither the price decline nor the lower trading volume reveals a single explanation for the trading activity. The article did not specify the exact date of the AI warnings or provide analyst commentary on how the statements might affect Bitcoin or broader markets.
